A Stockbroker's Commission on a Transaction Is 2

question 76

Short Answer

A stockbroker's commission on a transaction is 2.5% of the first $5,000 of the transaction amount and 1.5% of the remainder. What was the amount of a transaction that generated a total commission of $227?

---

Definitions:

Fortune 500

An annual list that ranks the 500 largest United States corporations by total revenue for their respective fiscal years.

Nonprofit Organizations

Entities that operate for the collective, public, or social benefit, rather than to make money for owners or investors.

Worker Autonomy

The degree to which employees have control over their own work and decision-making processes within their job roles.

Systems Approach

A holistic perspective that analyzes the interconnections within systems to understand complex phenomena rather than considering individual components in isolation.